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VANCOUVER, March 3 /CNW/ - Grande Portage Resources Ltd. (TSX-V GPG)
("Grande Portage" or "the Company") is pleased to announce that it has
received the results from 44 rock samples collected from old trenches hosting
quartz-sulphide bearing veins on the Company's Pass Property, near Smithers,
B.C. The grab samples were collected from various trenches to confirm the
high-grade results previously reported.
The sampling program was highly successful. All of the samples reported
gold, to a high of 72.95 g/t. Of the 44 samples collected 13 reported in
excess of 5.0 g/t gold including 6 samples exceeding 20 g/t gold. Silver
values were consistently anomalous with 6 samples reporting in excess of 100
g/t silver, to a high of 365 g/t silver. Copper, lead and zinc were similarly
anomalous with highs of 11.13% copper, 29.0% lead and 20.14% zinc.
Assaying was done by Acme Labs, at their facility in Vancouver, B.C. Gold
was determined by fire assay of a 30-gram pulp. Silver, copper, lead and zinc
analysis was by hot Aqua Regia digestion on a 1 gram split by ICP-ES analysis,
a method suitable for high-grade ores.
The Company is currently planning an exploration program to follow-up on
these results. This work will include grid-based soil sampling and ground
geophysics (Mag and EM) to expand the area of known mineralization and to test
the geophysical signature over the trenches. In addition the trenches will be
remapped and all available data compiled prior to drill testing of the
property.
Drilling will comprise approximately 2000 metres in 10-15 holes to test
the strike and downdip continuity of the vein. It is anticipated that work
will commence in May, after spring breakup and when the snow levels have
melted from the higher, alpine regions of the property.
Wesley Raven, P. Geo., is the qualified person for this project and has
reviewed and verified the contents of this news release.
About Grande Portage Resources Ltd.
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Grande Portage Resources Ltd. is a mineral exploration and development
company focused on massive sulphide exploration in British Columbia. Grande
Portage is operated by experienced managers and professionals who have been
effective in discovery, mine development, and mining operations throughout
North and South America, Africa, Europe, and Central Asia. The Company is well
financed with no long term debt. More information is available online at
www.grandeportage.com
ON BEHALF OF THE BOARD OF DIRECTORS
-----------------------------------
Alistair MacLennan, Chairman
Statements about the Company's future expectations and all other
statements in this press release other than historical facts are "forward
looking statements". Such forward-looking statements are based on numerous
assumptions, and involve known and unknown risks, uncertainties and other
factors, including risks inherent in mineral exploration and development,
which may cause the actual results, performance, or achievements of the
Company to be materially different from any projected future results,
performance, or achievements expressed or implied by such forward-looking
statements.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT
OF THIS NEWS RELEASE